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Coldstone Creamery history
Coldstone Creamery company history timeline
1990: The company opens a second store in the Phoenix metro area.
Cold Stone Creamery began franchising in 1994, and the result has been that Cold Stone Creamery is an iconic brand all over the world.
In 1995, Cold Stone Creamery opened its first franchise store in Tempe, Arizona.
1997: Cold Stone Creamery's headquarters double in size and move to Scottsdale, Arizona.
2000: Doug Ducey becomes chief executive officer.
2001-04: Steady and Widespread Expansion Through Franchising
Domestic sales of ice cream amounted to $20.5 billion in 2002, of which $12.5 billion was spent on frozen confections consumed away-from-home.
By 2004, the company's annual socials had raised $1.1 million combined for Make-A-Wish.
As stores were quickly opening, others were closing: in 2004, for every 100 stores that opened, three closed.
"They were declining as early as 2004, which is quite ominous," he said. "While the company was able to establish some early growth, it didn't appear the growth was to be sustained."
The company entered 2005 with more than 900 stores in 47 states, another 1,000 units in some stage of development, and ranked 12th on Entrepreneur magazine's "101 Fastest-Growing Franchises" list.
In January 2006, the company was named the 11th fastest-growing franchise by Entrepreneur magazine.
By 2006, the year before the sale, 28 stores closed for every 100 that opened.
However, in September 2007, Ducey announced he was leaving the company.
Ducey has blamed the recession,which economists say started in earnest in 2008, for the store closures and the sales dispute.
In 2008, Cold Stone opened its first European franchise in Copenhagen, Denmark.
In June 2009, the company opened its first locations in Canada.
As of 2012, three stores had opened in Singapore.
Blackwell was named CEO. In 2013, the Serruya family, based in Toronto, Ontario, purchased a majority interest in Kahala and changed the name to Kahala Brands to better align with the focus of the business.
In March 2015, Cold Stone opened its first location in Turkey's capital Ankara.
On January 3, 2020, Cold Stone Creamery announced that it would close its doors on January 31, 2020 in Singapore.
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